This is the second in a serialisation of work coordinated by FSD Africa over the past 18 months exploring the definition and purpose of financial centres. The research was carried out in collaboration with the Emerging Markets Private Equity Association (EMPEA) and the UK’s Department for International Development.
Country: Uganda
FSDA appointed BFA to create a pilot profile of the current and planned capacity of five National Payments System Departments (NPSDs, or their equivalents) at African central banks that will enable them to peer benchmark their own structure and capacity; and to plan better how to grow that capacity over time. This exercise will enable an understanding of possible gaps in knowledge and skills with regard to payments, potential for capacity building as well as possible requirements with respect to staff capability in key areas and potential structures.
This project:
- Identifies the skills gap, training needs and existing cross-industry skill development initiatives among financial service providers in East Africa;
- Identifies existing cross-industry skills development initiatives in International markets;
- Develops potential solutions for cross-industry skills development for East Africa financial service sector.